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Malt ingredients have witnessed a substantial growth rate over the last few years. The growth of the malt ingredients market is anticipated to be driven by the various factors. Increasing massive growth of alcoholic beverages is expected to be the key factors for the increasing growth for malt ingredients. Among the alcoholic beverages, malt ingredients is used widely in the beer. Increasing beer production in the developing economies in Asia Pacific is expected to fuel the sales of malt ingredients during the forecast period of 2017-2023. Apart from that, innovative products launched by the beer manufacturers are also positively impacting the growth of malt ingredients soon.
Malt ingredients offer decent flavor, color, sweetness, and low sucrose contents as a result the usage of the product is not restricted to the alcoholic beverages products. Malt ingredients are used massively as a raw material in the bakery products especially for the biscuits and cakes. Moreover, malt ingredients are used extensively in the infant formula & baby food which in turn accelerates the sales of malt ingredients during the forecast period.
Latest Industry Updates
April 2017 Cargill Incorporated has made a partnership with logistics provider Zuidnatie to transport barley, malt and other products in the manufacturing plant
Feb 2017 Axereal Group has built their new malt processing factory in Ethiopia
Oct 2016 Graincrop Limited has acquired Cryer Malt, the largest supplier of craft brewing ingredients in Australia & New Zealand. The acquisition will aid the organization to upsurge the presence in Australia & New Zealand.
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